An employee payroll template alludes to the compensation paid to the workers for services they give amid a specific time frame. An employee payroll template is easy to understand since it consists of two basic elements, gross and net salary. Gross salary is referred to the sum of amount being paid by the company to an employee. Deductions in the form of professional and income tax withholding, state insurance, pension and provident fund, are made on the gross salary and the remaining amount of salary is then called a net… Read More

A payroll template is a company’s record for all the money being spent in paying its employees and dealing with taxes. It is also sometimes used to enlist the people working for a company but usually taken in terms of the sum of financial expenditures made for employees. Accounting system is inevitable for payroll and it is really important for a company’s stability since it impacts the net gains and profit. Accounts department of any company is in-charge of the payroll accountancy and will use payroll template. They make sure… Read More